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Worldwide investment in nanotechnology increased from $432 million in 1997 to about $4.1 billion in 2005. [3]: 1–3 Because nanotechnology is a recent development, the health and safety effects of exposures to nanomaterials, and what levels of exposure may be acceptable, is not yet fully understood.
Ethics of nanotechnology is the study of the ethical issues emerging from advances in nanotechnology and its impacts.. According to Andrew Chen, ethical concerns about nanotechnologies should include the possibility of their military applications, the dangers posed by self-replicant nanomachines, and their use for surveillance monitoring and tracking. [1]
The environmental impact of nanotechnology is the possible effects that the use of nanotechnological materials and devices will have on the environment. [20] As nanotechnology is an emerging field, there is debate regarding to what extent industrial and commercial use of nanomaterials will affect organisms and ecosystems.
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The United States National Nanotechnology Initiative involves 20 departments and independent agencies that focus on nanotechnology innovation and regulation in the United States. Projects and activities of NNI span from R&D to policy on environment and safety regulations of NMs.
Nanotechnology has the potential to benefits all forms of work from daily life to medicine and biology. Despite these benefits, there are also health risks when it comes to human exposure to the nano material. Studies have shown that dangerous nano-particles can build up in the body after prolonged exposure.
Why the Future Doesn't Need Us" is an article written by Bill Joy (then Chief Scientist at Sun Microsystems) in the April 2000 issue of Wired magazine. In the article, he argues that "Our most powerful 21st-century technologies— robotics , genetic engineering , and nanotech —are threatening to make humans an endangered species ."
The Project was intended to address the social, political, and public safety aspects of nanotechnology. It intended in particular to look for research and policy gaps and opportunities in knowledge and regulatory processes, and to develop strategies for closing them. The project worked with multiple U.S. and foreign governments and organizations.